Mnt Goat
We know about what the TRUE rate of the dinar should currently be based on its assets.
The IMF is going to a strict asset-based evaluation of currency values. This is a Basel requirement.
So, what has been preventing this revaluation to the TRUE rate of the dinar?
...it was mostly the AML [Anti-Money Laundering] issue...i.e. banking reforms... efforts were put on warp speed to complete the AML reforms as acceleration began in early January 2023..
.we now get a sense of a real change...a sound transition away from those sanctioned days of Iraq since 1990’s. It is a new Iraq and it is here now...
So, it puzzles me as to why the currency also does not NOW reflect this change. But I assure you it will, and it won’t be long until it does...
The AML efforts is sprouting great benefits to Iraq and allowing them to move ahead quickly now.
